Home Business News Gold rises as lower US treasury yields boost demand for Investing.com

Gold rises as lower US treasury yields boost demand for Investing.com


© Reuters.

By Gina Lee

Investment.com – Gold rose Wednesday morning in Asia as softer US Treasury yields increased demand for the safe-haven yellow metal.

was up 0.22% to $ 1,782.40 at 12:26 AM ET (4:26 AM GMT). Copper, which usually tends to be inverse with gold, while the yield on US treasury bonds drops below 1.6%.

OANDA senior market analyst Jeffrey Halley told Reuters: “As long as US 10-year yields remain lower, gold appears to be gathering strength to test the 100-day moving average. at $ 1,802 an ounce in the coming days, ”OANDA senior market analyst Jeffrey Halley told Reuters.

Meanwhile, investors are waiting for policy decisions from central banks globally, including Thursday and in the following week. Investors expect the Fed and other central banks to be “dovish” due to the growing number of COVID-19 cases, senior commodity director Phillip Futures Avtar Sandu told Reuters.

According to Johns Hopkins University data, the number of COVID-19 infections globally exceeded 142.5 million as of April 21.

In other precious metals, silver slid 0.3% and platinum decreased 0.4%, while palladium increased 0.6%.

Disclaimer: Fusion Media wants to remind you that the data contained in this website is not necessarily real-time nor is it accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but are provided by the market makers, so the prices may be inaccurate and available. may differ from actual market price, meaning that price is indicative only and not suitable for trading purposes. Consequently, Fusion Media accepts no liability whatsoever for any transaction losses you may incur as a result of using this data.

Fusion Media or anyone associated with Fusion Media will not be liable in any way for loss or damage resulting from dependence on information including data, quotes, charts and buy / sell signals contained in the this site. Please be fully informed about the risks and costs associated with trading the financial markets, which is one of the riskiest investments possible.



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments